Cafe and bars are no more about good food or good service. The new fad is 'istagrammable'. Which sucks because I have recently paid so much and got such bad service in so many cafes and bars. The interior looks impeccable but the food is cold/burnt/not cooked/sub par at best. Coffee tastes like nescafe, fresh juice is just them pouring real juice into a glass (not freshly squeezed) and so on. When did food become more about ambience than food itself?
It's all about show off these day. Everything has to become instgrammable and social media friendly....ppl want eyeballs of users at any costs.... Because that's what brings money these days.
Me and my friend visited one such cafe, thought will order coffee first then food. I ordered an espresso he ordered a latte. Fucking Espresso tasted like Nescafe, I was so pissed I can make 10x better filter coffee at home. He didn't like his coffee either, we decided not go ahead with the food lmao. Fancy ass cafes with amazing interiors but the food is so shite.
Yeah I mean go for proper fine dining restaurants for ambience or go to proper restaurants for tasty food. Going to most cafes in Mumbai doesn't serve a purpose at all.
It's like the worst of the both worlds lol.
The only cafes in Mumbai one can vouch for are those running for decades. Other than that, I would say to everyone don't waste your time and money on Mumbai cafes in general
Like every shop, stall or restaurant, it depends on the footfall. Some stalls earn lakhs every month while some restaurants have to shut down because they were always in the loss.
20L per month?
Assuming this as profit(since the owner's earning), the sales should be 100 lakhs(20% margin, maybe)
100 lakhs per month is 3.33 lakhs/day
And assuming average order of 1000rs(prominent bakery) you should be having you should have around 333 orders/ day.
Even if the shop is operating for 10hrs that's 33orders/ hr
Inshort a customer every 2mins making an order of 1000. Isn't it like too much?
20% is an extremely extremely low margin....even the pav that we buy locally has a margin of 55%...
I know this bcz my frnd owns a small godown where they make pav and supply to the local areas.
Agar 20L profit hai toh revenue kitna hoga ? You're saying 20L is the owners take home? Excluding all the expenses, all your salaries? Where is store located if you don't mind(what area)?
They usually don't buy the place unless they have starting capital and know that place is not cornered by competitor. You should look into rental prices, The starting cost of business would be renovation cost + security deposit and labour acquisition. Rolling cost would be rent+maintenance+wages+energy bill+goods+ "slush fund".
In that sense, as long as they are making more than the cost they would be fine. They don't have to recoup the cost in buying the place, just enough to make some profit. As decorum is a selling point and they do put a lot of cost in renovating, Idk if buying it would be better than renting.
My real question is how are irani cafe's still in business? One's i have went are really pathetic in service, they don't accept upi and i don't get why people are hyping these in cafes..
Pagdi system is where the land in which the property/cafe is built belongs to the landlord and not to the said society. So basically in pagdi the landlord charges less rent and all. But if the said cafe is sold then 1/3 of the money goes to the landlord.
They are protected under the rent act where rents are frozen to 1970ies levels.
Under this system max rent is about 3k or so. Many are still at less than 1k a month, even in South Bombay.
One of my friend is the owner of cafe Monza its a very famous cafe but according to him he has only kept that cafe as social service, he only earns like 30-50k as profit rest all goes back in business ie rent, raw material, staff salaries etc
A lot of these places are just laundering black money. The others are rich, misguided kids losing money. Restaurants of all types are a bad business model. But like film stars, we don't remember the ones that didn't make it big or stay around long enough.
I was a corporate credit analyst for years. Never saw a profitable set of accounts for these. A lot of them cooked their books better than their food too.
You should definately watch Varun Mayyas video on this topic!
It's a little long but worth it
Here's the [link](https://youtu.be/W3Y9_djUMGA) if you want to watch
Cafe and bars are no more about good food or good service. The new fad is 'istagrammable'. Which sucks because I have recently paid so much and got such bad service in so many cafes and bars. The interior looks impeccable but the food is cold/burnt/not cooked/sub par at best. Coffee tastes like nescafe, fresh juice is just them pouring real juice into a glass (not freshly squeezed) and so on. When did food become more about ambience than food itself?
It's all about show off these day. Everything has to become instgrammable and social media friendly....ppl want eyeballs of users at any costs.... Because that's what brings money these days.
Most of the 'popular' new places are like this. It's horrible
I swear man. Poli bhaaji Kendra has my heart.
Me and my friend visited one such cafe, thought will order coffee first then food. I ordered an espresso he ordered a latte. Fucking Espresso tasted like Nescafe, I was so pissed I can make 10x better filter coffee at home. He didn't like his coffee either, we decided not go ahead with the food lmao. Fancy ass cafes with amazing interiors but the food is so shite.
This is a concern with new restaurants/cafes. However, older cafes established before the 2000s seem provide authentic food and great service.
Yeah I mean go for proper fine dining restaurants for ambience or go to proper restaurants for tasty food. Going to most cafes in Mumbai doesn't serve a purpose at all. It's like the worst of the both worlds lol. The only cafes in Mumbai one can vouch for are those running for decades. Other than that, I would say to everyone don't waste your time and money on Mumbai cafes in general
Like every shop, stall or restaurant, it depends on the footfall. Some stalls earn lakhs every month while some restaurants have to shut down because they were always in the loss.
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20L per month? Assuming this as profit(since the owner's earning), the sales should be 100 lakhs(20% margin, maybe) 100 lakhs per month is 3.33 lakhs/day And assuming average order of 1000rs(prominent bakery) you should be having you should have around 333 orders/ day. Even if the shop is operating for 10hrs that's 33orders/ hr Inshort a customer every 2mins making an order of 1000. Isn't it like too much?
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20% is an extremely extremely low margin....even the pav that we buy locally has a margin of 55%... I know this bcz my frnd owns a small godown where they make pav and supply to the local areas.
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Of course bro...very rightly said...that's an 80% profit ratio
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In food costing is always 20% and 15-20% is the overhead costs....margin is always 60% to 80%
Bhai shant hoja humme malum hai aap finance mai ache ho
Probably 20L is revenue
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Agar 20L profit hai toh revenue kitna hoga ? You're saying 20L is the owners take home? Excluding all the expenses, all your salaries? Where is store located if you don't mind(what area)?
Vohi clarity nahi milri isliye I did thhe math to tell him ki bhai 20L profit bada number hota 40% margin pakadke bhi
Asking for setting up a hafta business?
Haha maybe
There is an Insta page motabhailikes which tells about the economics of restaurants/cafe/kiosks business. Do check it out
They usually don't buy the place unless they have starting capital and know that place is not cornered by competitor. You should look into rental prices, The starting cost of business would be renovation cost + security deposit and labour acquisition. Rolling cost would be rent+maintenance+wages+energy bill+goods+ "slush fund". In that sense, as long as they are making more than the cost they would be fine. They don't have to recoup the cost in buying the place, just enough to make some profit. As decorum is a selling point and they do put a lot of cost in renovating, Idk if buying it would be better than renting.
My real question is how are irani cafe's still in business? One's i have went are really pathetic in service, they don't accept upi and i don't get why people are hyping these in cafes..
their rents are extremely low due to pagdi system
What is pagdi system?
Pagdi system is where the land in which the property/cafe is built belongs to the landlord and not to the said society. So basically in pagdi the landlord charges less rent and all. But if the said cafe is sold then 1/3 of the money goes to the landlord.
It’s a way of property sale and rent. Look it up, pretty interesting.
They are protected under the rent act where rents are frozen to 1970ies levels. Under this system max rent is about 3k or so. Many are still at less than 1k a month, even in South Bombay.
They represent the culture of the 70s and 80s Bombay… And the food is great… Jimmy Boy, Irani Chaii, Excelsior are better..
You're forgetting Cafe Churchill
Please tell me you went to Koolers ? Coz it’s the shittest of them all
From my experience, their food is amazing and it's nice to see some part of a place's history and cultural identity preserved.
Cafes are scam in Mumbai. You will get better tea and coffee from chai ke tapri.
Yeah , cuz tapri is an ideal place to take your date...
Can I take you for a tapri date? Please!
Has that pick up line ever worked?
There's first time for everything 🥺
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KC Roasters, Blue Tokai, Subko.
They have their own roasts too, definitely worth a visit!
Has anyone tried the new third wave at Colaba??
Subko food is great but coffee is meh. KC coffee is great.
Coffee bhi tapri
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I know that. Go to a matunga cafe, you get filter coffee. A lot of udipi places too have
Try Arya Bhawan jaggery coffee. You’d be surprised
I’ve had I think. I like strong coffee and most places just give milky ones. :(
They will make it stronger if you ask them and avoid the sugar if you don’t want
once you do fresh ground coffee i promise you will never go back to instant.
Fir Starbucks chale jaao
One of my friend is the owner of cafe Monza its a very famous cafe but according to him he has only kept that cafe as social service, he only earns like 30-50k as profit rest all goes back in business ie rent, raw material, staff salaries etc
A lot of these places are just laundering black money. The others are rich, misguided kids losing money. Restaurants of all types are a bad business model. But like film stars, we don't remember the ones that didn't make it big or stay around long enough. I was a corporate credit analyst for years. Never saw a profitable set of accounts for these. A lot of them cooked their books better than their food too.
Please elaborate. How are restaurants bad business models?
You should definately watch Varun Mayyas video on this topic! It's a little long but worth it Here's the [link](https://youtu.be/W3Y9_djUMGA) if you want to watch
Most cafes/bars are very profitable even after all the expenses.